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136 N Garfield Ave 8 Unit Apartment Building $1,899,999 ($237,500/Unit) Oxnard, CA 93030
Executive Summary
This well-maintained 8-unit apartment complex is a prime opportunity for investors seeking strong, stable returns and long-term upside. Currently bringing in $193,560 annually with a solid 6% cap rate, the property also offers tremendous expansion potential—up to 8 additional ADUs, allowing for a total of 16 rentable units. Each existing unit features 1 bedroom and 1 bathroom, along with designated parking, ensuring privacy and convenience for tenants. Utilities are individually metered for gas and electricity, while the owner covers water and trash, making management straightforward. A newer roof reduces long-term maintenance costs, and the property sits in a high-demand rental location near schools, parks, and essential amenities—highly attractive to tenants. With a recent appraisal of $2,250,000, this property offers exceptional value in a strong rental market. Whether you're an experienced investor looking to expand your portfolio or making your first multifamily acquisition, this is a turnkey opportunity not to be missed.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,899,999 | Building Class | C |
| Price Per Unit | $237,500 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Multiple Residential | ||
| Price | $1,899,999 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,456 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multiple Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 201-0-122-160 | Improvements Assessment | $805,720 (2025) |
| Land Assessment | $612,000 (2025) | Total Assessment | $1,417,720 (2025) |
Property Taxes
Parcel Number
201-0-122-160
Land Assessment
$612,000 (2025)
Improvements Assessment
$805,720 (2025)
Total Assessment
$1,417,720 (2025)
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136 N Garfield Ave
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